Vaneck Index Fund bearish outlook towards the end of 2018The Indonesian stock exchange is down and so is Vaneck's Vector Indonesia fund (not just stocks). There are signs of a post-corrective rally in the Jakarta Composite Index 45.
On the face of things however, it seems hard to make the same determination about Vaneck's Indonesia Index as it appears to have just completed wave A down and some of the way through the wave B rally (so it seems to be around half-way through its corrective phase).
In the short-term it seem likely that the current rally will go up ~5% to around $22 and the re-commence the final corrective phase down.
There doesn't seem to be any clear tendencies in wave C extensions: some as low as 0.618 extension of wave A and some as much as 1.618. Mainly based on the signs of recovery within the Jakarta Stock Exchange (which will help the Bank stocks that seem to make up a significant portion of the ETF) I wouldn't expect much more than a 0.618 wave A extension for wave C - which would mean an 18% decline at a minimum before the end of the year.
I am not a professional, this is just for my own education. All care and no responsibility - just like the people that manage your investment portfolio :) If I can spend 5 minutes on the chart and correctly (we will see ay - I could be wrong) pick it going down 18% or more then what are the professionals doing to protect your investment?
I wouldn't mind a like or two - some posts have ~100 views per like. Let's see how it develops. This is 100% technical analysis and comprises 0% fundamental analysis. There are vast benefits to conducting your own research (if you have time).
I chose this ETF randomly and have no investment in it or any other link to it either now or in the past.
Etfs
BTC Possible Approval of ETF, SKY is the Limit. T.OFFThe same behavior of gold, where prices boomed after the introduction of the ETF investment opportunity.
For institutional money, buying into an ETF would mean not having to deal with technicalities and exchanges.
Gold ETFs hold the physical metal, and hence have increased demand for spot gold and boosted prices...
If the approval for a Bitcoin exchange-traded fund succeed, the cryptocurrency market could potentially experience a never-before-seen influx of capital as institutional capital, speed traders, and accredited investors move into the crypto space for the first time.
Even if the approval does not happen, speculation and therefore volume should keep growing until the decision.
The Bitcoin ETF proposal, submitted as “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust” on June 26, is currently under consideration by the US Securities and Exchange Commission.
A decision from the SEC regarding the filing is likely to occur near August 10 - 16 — the submission of a filing to the SEC is followed by the publishing of a notice in the Federal Register, which occurred on July 2. The SEC typically has 45 days to make a ruling on a proposed rule change, which would leave the final date for a decision on Bitcoin ETFs as halfway through August.
What do you think about it? Will it be approved?
Any Ideas?
Stay Tuned.
Good Luck and Good Profit
M.W.
Elliott Wave Analysis: VOX in a Turning AreaHello Traders,
Today we will have a look at the VOX ETF in the 1-hour chart.
Near-term the ETF ended the cycle from 06/28/18 low (84.09) in blue wave (1) at the peak of 07/12/18 (88.26). The internals of blue wave (1) unfolded in a 5 waves Elliott Wave impulse with an extended red wave 3, where it ended red wave 1 at the peak of 06/28/18 (85.43) and red wave 2 pullback at the low of 07/02/18 (84.16). Up from that low, red wave 3 ended at 07/10/18 peak (88.04) followed by a pullback in red wave 4 at the low of 07/11/18 (87.11). Up from there, it ended red wave 5 of blue wave (1) at the peak of 07/12/18 (88.26).
Below from that peak, VOX is correcting the cycle from 06/28/18 low, where red wave W ended at 07/17/18 low (86.75) and the correction in red wave X ended at 07/17/18 peak (87.79). Below from there, the ETF has reached the equal legs extreme from 07/12/18 peak at 86.31-85.96 areas where we are now expecting a reaction higher.
As long as the pivot at 84.09 low in our proprietary distribution system stays intact it should resume the rally. We don’t like selling it as the right side remains to the upside in the sequences of 3-7-11 swings.
its a traphoosier craw daddy says that this may be a bull trap coming in the next couple months. we are at the peak of second stage bull market cycle, but price will revert back to mean. usually third quarter gets more mean reversions. no idea what arbitrage will bring, but watching. just identify cycle, decide best sectors, strategize
#BOTX #ETF bouncing off #SMA200 - #trading #stocksNice bullish setup on #BOTZ, yesterday's candle was a bullish rejection candle right at static support (yellow box) and SMA200; this confluence might be confirmed by today's candle. If it closes bullish it's a good opportunity to buy for the mid/long term.
Oil Bullish Push Still A RealityTrend - Bullish
Indicator - 52 Week High
Chart - Weekly
Strategy - Long term bull move
Target - Should reach $13.25 before too much pressure
Exit - Will exit if pair closes with a touch of the 52 week low.
GASL LongNatural Gas will have a supply side constraint due to lower production volumes and a demand uptick due to cold winds affecting US coast. This will result in a upward tick in the stock.
Also based on the technical analysis, a strong upward trend can be observed. The average volume is also increasing which predicts a higher price in the future.
Hence long with USD 30 target
Short on related ETFsMy first idea in a long time haha. There is Bearish doji/top today with its high touching the 10-day SMA. ON top of that, there was a .382 retracement of the the initial pull back of the upward break of the slightly bullish flag. The inverse of .382, 2.618 is around historical support and the bottom of the slightly bullish flag.
JO Analysis (Pennant Forming)Some chart analysis of JO... Short term supports and resistances as well as long term trend shown.
$IYT - Dow Transports - Short Trade Thesis:
Short Dow Transports
The name is showing price weakness as it is wedged between 8 Day and 21 Day Moving average.
I will be monitoring this to see how the trend plays out.
Confirmations:
1. Lower lows and lower highs on Day chart
2. Lower lows and lower highs on Week chart
3. Below 8 Day EMA
4. Doji indicating price indecision on Week chart
Trade:
Short $IYT
Natural Gas ETF long I'm all about generating ideas off of the storm hitting the Gulf right now. With an anticipation in increasing high natural gas prices, I'm looking at this chart. A good buy for me is around 21.55 with an initial target of 23.13, where I will take 2/3 profits and move my stop up from 21.20.
As a disclaimer, this post and previous and future posts are my opinions only. Do not make investment decisions off of my ideas. This is not official advice.
TLT-Looking to buy if support holds.Technically speaking
The ~116 level contains a confluence of support. The trendline going back to 2011 and the low prints going back to 2015 should provide support. We shall see.
On the updside, 128 is the first level of resistance.
What to do?
I will be looking to dips around the 116 level, targeting a move back toward 128. My willingness to buy will depend on price action around the 116 level.
I will update this chart when things change.
$72.00level holding. (XLE) entering the buy zone.The pivot level at $72 is being tested and holding, for now.
I feel the line of least resistance is higher. I am looking for $84 eventually.
I will be looking to buy dips b/w 72-65.
A move under 65 and I would rethink my position.
No position at the moment.